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Fair international protocols for the abatement of GHG emissions

Author

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  • Ju, Biung-Ghi
  • Kim, Min
  • Kim, Suyi
  • Moreno-Ternero, Juan D.

Abstract

We study the design of fair international protocols for the abatement of GHG emissions. We formulate normative principles, pertaining to countries' population, emission history, and business as usual emissions, as axioms for allocation rules. We show that combinations of these axioms characterize the so-called equal per capita allocation rules, with or without historical accountability. The allocations provided by these rules are in stark contrast with the allocation suggested by the Kyoto Protocol, which is close to the allocation in proportion to the current and business-as-usual emissions, suggested by the equal per emission (grandfathering) rule. As we illustrate, the equal per capita allocations admit more emissions to developing countries with large populations. And, with historical accountability, developed countries with large historical emissions are clearly penalized.

Suggested Citation

  • Ju, Biung-Ghi & Kim, Min & Kim, Suyi & Moreno-Ternero, Juan D., 2021. "Fair international protocols for the abatement of GHG emissions," Energy Economics, Elsevier, vol. 94(C).
  • Handle: RePEc:eee:eneeco:v:94:y:2021:i:c:s014098832030431x
    DOI: 10.1016/j.eneco.2020.105091
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    Cited by:

    1. Bergantiños, Gustavo & Moreno-Ternero, Juan D., 2021. "Broadcasting revenue sharing after cancelling sports competitions," MPRA Paper 109736, University Library of Munich, Germany.
    2. Bergantiños, Gustavo & Moreno-Ternero, Juan D., 2020. "On the axiomatic approach to sharing the revenues from broadcasting sports leagues," MPRA Paper 103162, University Library of Munich, Germany.

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    More about this item

    Keywords

    Climate change; GHG reduction targets; Allocation rules; Historical accountability; History independence; Equal per capita allocation;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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